JK Tyre & Industries Ltd
JKTYREJK Tyre & Industries Ltd
JKTYRE
Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 15.35 | 2.50 | 0.56% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 71.19 | 6.84 | 0.55% |
Forecast & Ratings
Detailed Forecastfrom 4 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
JK Tyre & Industries Limited is engaged in the manufacturing of tyres, tubes and flaps. It's geographical segments include India, Mexico and Others.
Peers
Compare with peersBalkrishna Industries Ltd
MRF Ltd
Apollo Tyres Limited
CEAT Ltd
Kesoram Industries Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 7,400.59 | 6,922.55 | 7,862.87 | 8,418.22 | 10,452.01 | 8,753.29 | 9,182.75 | 12,033.47 | 14,681.46 | 14,913.83 | ||||||||||
Raw Materials | 4,488.35 | 3,863.30 | 4,535.30 | 5,337.59 | 6,979.50 | 5,351.47 | 5,364.85 | 8,390.24 | 10,071.76 | 13,116.18 | ||||||||||
| Power & Fuel Cost | 277.51 | 263.86 | 326.96 | 361.78 | 418.57 | 379.32 | 355.48 | 493.97 | 575.52 | |||||||||||
| Employee Cost | 728.85 | 782.98 | 893.29 | 829.48 | 915.35 | 931.58 | 922.74 | 1,075.70 | 1,220.36 | |||||||||||
| Selling & Administrative Expenses | 506.51 | 385.19 | 456.29 | 548.45 | 595.16 | 580.63 | 567.16 | 743.85 | 826.55 | |||||||||||
| Operating & Other expenses | 498.64 | 499.15 | 384.11 | 469.15 | 436.22 | 600.24 | 585.63 | 216.25 | 714.46 | |||||||||||
EBITDA | 900.73 | 1,128.07 | 1,266.92 | 871.77 | 1,107.21 | 910.05 | 1,386.89 | 1,113.46 | 1,272.81 | 1,797.65 | ||||||||||
| Depreciation/Amortization | 157.77 | 216.13 | 291.32 | 299.46 | 315.67 | 377.83 | 386.69 | 385.36 | 407.06 | 421.07 | ||||||||||
| PBIT | 742.96 | 911.94 | 975.60 | 572.31 | 791.54 | 532.22 | 1,000.20 | 728.10 | 865.75 | 1,376.58 | ||||||||||
| Interest & Other Items | 257.41 | 252.43 | 440.36 | 465.50 | 521.08 | 548.99 | 465.85 | 419.09 | 454.50 | 477.43 | ||||||||||
| PBT | 485.55 | 659.51 | 535.24 | 106.81 | 270.46 | -16.77 | 534.35 | 309.01 | 411.25 | 899.15 | ||||||||||
| Taxes & Other Items | 155.89 | 192.20 | 159.84 | 40.77 | 94.12 | -167.53 | 215.01 | 98.99 | 148.77 | 329.20 | ||||||||||
| Net Income | 329.66 | 467.31 | 375.40 | 66.04 | 176.34 | 150.76 | 319.34 | 210.02 | 262.48 | 569.95 | ||||||||||
| EPS | 15.26 | 20.60 | 16.55 | 2.91 | 7.46 | 6.12 | 12.97 | 8.53 | 10.66 | 23.15 | ||||||||||
| DPS | 1.50 | 2.50 | 2.50 | 1.50 | 1.50 | 0.70 | 2.00 | 1.50 | 2.00 | 2.00 | ||||||||||
| Payout ratio | 0.10 | 0.12 | 0.15 | 0.52 | 0.20 | 0.11 | 0.15 | 0.18 | 0.19 | 0.09 |
Company Updates
Peers & Comparison
Consumer DiscretionaryTires & Rubber
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| JK Tyre & Industries Ltd | 33.34 | 2.50 | 0.56% |
| Balkrishna Industries Ltd | 47.37 | 6.63 | 0.62% |
| MRF Ltd | 62.73 | 3.28 | 0.15% |
| Apollo Tyres Limited | 26.37 | 2.26 | 0.98% |
Price Comparison
Compare JKTYRE with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 2.06%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.60%
Shareholding Pattern
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 2 Mutual Funds holding JK Tyre & Industries Ltd
| Funds (Top 2) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Motilal Oswal Nifty Microcap 250 Index Fund- Direct- Growth Option Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0365% | Percentage of the fund’s portfolio invested in the stock 0.69% | Change in the portfolio weight of the stock over the last 3 months -0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 23/297 (+3) |
Groww Nifty Total Market Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0001% | Percentage of the fund’s portfolio invested in the stock 0.03% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 425/752 (+3) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.56%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.63 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 27, 2023
Dividend/Share
₹2.00
Ex DateEx Date
Jul 27, 2023
Cash Dividend
Ex DateEx DateAug 18, 2022
Dividend/Share
₹1.50
Ex DateEx Date
Aug 18, 2022
Cash Dividend
Ex DateEx DateAug 18, 2021
Dividend/Share
₹2.00
Ex DateEx Date
Aug 18, 2021
Cash Dividend
Ex DateEx DateSep 14, 2020
Dividend/Share
₹0.70
Ex DateEx Date
Sep 14, 2020
Cash Dividend
Ex DateEx DateAug 6, 2019
Dividend/Share
₹1.50
Ex DateEx Date
Aug 6, 2019
News & Opinions
JK Tyre Sees Robust Demand To Continue Amid Positive Economic Environment
1 month ago•Bloomberg Quint
JK Tyre Shares Rally 14% After Net Profit Rises 398% In Q2; Details - News18
1 month ago•News18
News Video
Q2 Review: Strong Show From JK Tyre | BQ Prime
1 month ago•BQ Prime
Sensex Jumps 394 pts, Nifty Ends At 19,811; JK Tyre Soars 14% - News18
1 month ago•News18
News Video
JK Tyre's Share Price Surges On Emkay Global's 'Buy' Rating | BQ Prime
1 month ago•BQ Prime
News Video
JK Tyre Surges As Emkay Initiates A 'Buy' Call On The Stock | CNBC TV18
1 month ago•CNBC-TV18
Q1 Review: JK Tyre & Industries’ Net Profit Jumps Multi-Fold
4 months ago•Bloomberg Quint
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 11.77%, vs industry avg of 10.14%
Increasing Market Share
Over the last 5 years, market share increased from 14.27% to 15.37%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 31.78%, vs industry avg of 5.51%